Woodside Energy Trading Singapore Pte Ltd has entered into a sale and purchase agreement (SPA) with RWE Supply & Trading GmbH (RWE) for the supply of LNG from Woodside’s global portfolio for a term of seven years commencing in 2025. (Photo quoted from Yahoo’s image)

The quantity of LNG to be supplied under the SPA is approximately 0.84 million ton per annum. The SPA is not subject to final investment decision (FID) on any project. The SPA builds on Woodside’s and RWE’s strong relationship developed through existing mid-term and spot business in Asia-Pacific and the Atlantic basin.

In October 2020, Woodside and RWE also signed a memorandum of understanding (MOU) to discuss mutually beneficial hydrogen-related opportunities. The MOU supports Woodside’s plans to develop such opportunities. Hydrogen is expected to play an increasingly important role in the future global energy mix as a carbon neutral fuel. RWE is progressing approximately 30 hydrogen projects, mostly located in Europe.

(IRuniverse)